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Home / Capital / Brokers Calls

SembMarine unlikely to hit CGS-CIMB's $2 bil order target

Broker's Calls

SembMarine unlikely to hit CGS-CIMB's $2 bil order target

PC Lee Published on Thu, Oct 18, 2018 / 1:48 PM GMT+8

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SINGAPORE (Oct 18): CGS-CIMB Securities does not expect Sembcorp Marine to meet the house's $2 billion and Street's $2-3 billion order target for 2018.

In a Thursday report, analyst Lim Siew Khee thinks a more achievable figure is $1-1.5 billion and on a $1 billion order assumption for 2018, our earnings for FY19F-20F could be reduced by 6% p.a.

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